GEVELE
ActiveGEVELE has been active since 1976 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €6.74M and a net result of €-1.02M. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 48% of 3170 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
12
/ 100
Critical▼ -24 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-30
Solvency62▼-2
Growth52=
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.23 against 0.25 in 2024), and 49.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
50.3%
Return on assets
-7.6%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
16 d early
2023
27 d early
2022
46 d early
2021
4 d late
2020
39 d early
2019
37 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€3.69M▲ 4.4%
2024 · €3.53M
2018: €2.63M
2019: €3.09M
2020: €3.09M
2021: €3.03M
2022: €2.89M
2023: €3.20M
2024: €3.53M
2018 → 2025
EBIT margin
-15.7%▼ 9.5pp
2024 · -6.1%
2018: -0.1%
2019: 0.2%
2020: 0.2%
2021: 5.4%
2022: 5.7%
2023: 27.6%
2024: -6.1%
2018 → 2025
Net result
€-1.02M
2024 · €309k
2018: €352k
2019: €1.03M
2020: €-50k
2021: €-1.88M
2022: €3.75M
2023: €-1.47M
2024: €309k
2018 → 2025
Working capital
€-5.15M▼ 17.5%
2024 · €-4.38M
2018: €-3.91M
2019: €-4.52M
2020: €-6.62M
2021: €-6.98M
2022: €-2.14M
2023: €-3.75M
2024: €-4.38M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€3.03M-€2.89M▼ 4.8%€3.20M▲ 10.8%€3.53M▲ 10.5%€3.69M▲ 4.4%
Equity€5.18M-€8.93M▲ 72.3%€7.46M▼ 16.5%€7.77M▲ 4.1%€6.74M▼ 13.2%
Operating result€165k-€163k▼ 0.8%€883k▲ 440%€-217k€-578k▼ 166%
Net result€-1.88M-€3.75M€-1.47M€309k€-1.02M
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €578k in 2025 against €217k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €13.41M
Fixed assets
€11.90M▼ 2.1%
Current assets
€1.51M▲ 1.8%
Equity and liabilities €13.41M
Equity
€6.74M▼ 13.2%
Debt
€6.66M▲ 13.4%
The debt ratio rises from 43.1% to 49.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-561k▼
2024 · €-196k
Cash flow
€-1.01M▼
2024 · €330k
Solvency
50.3%▼
2024 · 56.9%
Current ratio
0.23▼
2024 · 0.25
Quick ratio
0.23▼
2024 · 0.25
Debt / equity
0.99▲
2024 · 0.76
ROE
-15.2%▼
2024 · 4.0%
ROA
-7.6%▼
2024 · 2.3%
Interest coverage
-4.53▼
2024 · -1.04
Debt
€6.66M▲
2024 · €5.87M
Debt ≤ 1 year
€6.65M▲
2024 · €5.86M
Income taxes
€469▼
2024 · €953
Staff costs
€192k▲
2024 · €149k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€13.64M€13.41M▼
Fixed assets21/28€12.16M€11.90M▼
Intangible fixed assets21€6k€0▼
Tangible fixed assets22/27€3k€56k▲
Plant, machinery and equipment23€845€0▼
Furniture and vehicles24€3k€56k▲
Financial fixed assets28€12.15M€11.84M▼
Affiliated companies280/1€12.15M€11.84M▼
Participating interests280€9.78M€9.98M▲
Amounts receivable281€2.37M€1.86M▼
Other financial fixed assets284/8€980€980=
Amounts receivable and cash guarantees285/8€980€980=
Current assets29/58€1.48M€1.51M▲
Amounts receivable within one year40/41€1.35M€1.37M▲
Trade receivables40€1.19M€1.24M▲
Other amounts receivable41€163k€126k▼
Cash at bank and in hand54/58€0€0=
Deferred charges and accrued income490/1€124k€137k▲
Equity and liabilities
Total equity and liabilities10/49€13.64M€13.41M▼
Equity10/15€7.77M€6.74M▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€7.70M€6.68M▼
Non-distributable reserves130/1€378k€378k=
Legal reserve130€6k€6k=
Other1319€372k€372k=
Tax-exempt reserves132€2k€2k=
Distributable reserves133€7.32M€6.30M▼
Amounts payable17/49€5.87M€6.66M▲
Amounts payable within one year42/48€5.86M€6.65M▲
Trade debts44€513k€619k▲
Suppliers440/4€513k€619k▲
Taxes, remuneration and social security45€43k€53k▲
Taxes450/3€0€22k▲
Remuneration and social security454/9€43k€31k▼
Other amounts payable47/48€5.30M€5.98M▲
Accrued charges and deferred income492/3€14k€10k▼
Income statement
Code20242025
Operating income70/76A€3.55M€3.70M▲
Turnover70€3.53M€3.69M▲
Other operating income74€11k€6k▼
Non-recurring operating income76A€0-
Operating charges60/66A€3.76M€4.28M▲
Services and other goods61€3.19M€3.34M▲
Remuneration, social security and pensions62€149k€192k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€17k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€397k€729k▲
Other operating charges640/8€2k€1k▼
Operating profit (loss)9901€-217k€-578k▼
Financial income75/76B€718k€1.03M▲
Recurring financial income75€718k€830k▲
Income from financial fixed assets750€718k€830k▲
Income from current assets751-€0
Non-recurring financial income76B-€200k
Financial charges65/66B€190k€1.47M▲
Recurring financial charges65€190k€124k▼
Debt charges650€189k€124k▼
Other financial charges652/9€935€2▼
Non-recurring financial charges66B€0€1.35M▲
Profit (loss) for the period before taxes9903€310k€-1.02M▼
Income taxes67/77€953€469▼
Taxes670/3€953€469▼
Profit (loss) for the period9904€309k€-1.02M▼
Profit (loss) for the period to be appropriated9905€309k€-1.02M▼
Appropriation of the result
Profit (loss) to be appropriated9906€309k€-1.02M▼
Transfer from equity791/2-€1.02M
From reserves792-€1.02M
Transfer to equity691/2€309k-
To other reserves6921€309k-
Social balance
Average headcount (FTE)90871.42.0▲
The notes to these accounts (56 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
State Gazette act
Resignations & appointmentsGeneral meeting · Auditor appointment2 facts ▸
State Gazette act
Resignations & appointments
General meeting · Auditor appointment2 facts ▸
- General meeting, 24/04/2026
- Auditor appointment, RENAUD DE BORMAN, REVISEUR D'ENTREPRISES-BEDRIJFSREVISOR (Commissaire)
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €309k
Net result €309k after one loss-making year.
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €3.75M
Net result €3.75M after 2 loss-making years.
04-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 4 days late
2021
31-12
Financial
Weakest financial yearnet €-1.88M
Net result drops to €-1.88M, the lowest in the series; recovery starts the following year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
29-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
12-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
24-04-2025
Jérôme HOERMANN: Resigned as Director
11-06-2015
Philippe LECUYER: Resigned as Director
09-04-2015
Frank Breugelmans: Resigned as Director
30-04-2013
Jean-Guy LEMOINE: Resigned as Director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1977
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Louizalaan 1431050 ElseneGround area
1.4 ha
Building footprint
8,449 m²
Volume, LiDAR
64,921 m³
2 parcels, Brussels, Flanders · tallest building 32.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEF BELGIUM
since 19772.013.208.175
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23026A0119/00X000 | Flanders | 1.2 ha | 1 · 6,661 m² | 10.4 m · 2 fl. |
| 21807G0089/00A007 | Brussels | 1,907 m² | 1 · 1,788 m² | 32.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Statutory auditor
1 auditor| RENAUD de BORMAN, Réviseur d'entreprises-BedrijfsrevisorCurrent Commissaire | 13-08-2026 → present |
Structure & network
Connections & network
28 connected companiesNetwork connections
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Of 22,740 companies in sector 43211 we hold annual accounts for 10,275. 861 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded28-12-1976
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
68203Renting and operating of own or leased non-residential real estate, excluding land
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.